Regulators froze a Swiss account at Goldman Sachs on Friday after unearthing activities suggestive of insider trading in the $23 billion acquisition of H. J. Heinz, taking an abrupt action after one of the biggest deals in recent years.

The action, by the Securities and Exchange Commission, illustrates the temptation that such big takeovers may present. Despite a number of prominent crackdowns on insider trading, regulators continue to uncover cases involving traders who spin confidential tidbits into illicit profits ahead of deals.

“See, not even an Academy Award can stop a Black man from being criminalized…”

God almighty, if it’s not the police it’s shopkeepers shaking down The Scary Black Man. And apparently it doesn’t matter if you’re an Academy Award winning actor. Forest Whitaker was on the Upper East Side and deigned to step into Milano Market. NewsOne:

TMZ reports that Whitaker said he was falsely accused of lifting an item off the store’s shelf and subsequently frisked by an employee. An eyewitness told the entertainment site that the Academy Award winner was frisked in plain view of everyone.

Of course, the shake down produced nothing belonging to the store and Whitaker left the establishment angry and embarrassed.

“This was an upsetting incident given the fact that Forest did nothing more than walk into the deli. What is most unfortunate about this situation is the inappropriate way store employees are treating patrons of their establishment. Frisking individuals without proof/evidence is a violation of rights.”

“Forest did not call the authorities at the request of the worker who was in fear of losing his employment. Forest asked that, in the future, the store change their behavior and treat the public in a fair and just manner.”

In a shockingly horrible column, the president of Emory University held up the “Three-Fifths Compromise” — the deal between Northern and Southern states which counted slaves as three-fifths of a person — as a shining example of political compromise at its best.

In his “from the president” column — titled “As American as … Compromise” — in the winter issue of Emory magazine, president James Wagner writes about the fiscal cliff and the importance of keeping one’s mind open to other points of view. All standard president’s letter dullness so far, right?

Then comes this:

One instance of constitutional compromise was the agreement to count three-fifths of the slave population for purposes of state representation in Congress. Southern delegates wanted to count the whole slave population, which would have given the South greater influence over national policy. Northern delegates argued that slaves should not be counted at all, because they had no vote. As the price for achieving the ultimate aim of the Constitution—“to form a more perfect union”—the two sides compromised on this immediate issue of how to count slaves in the new nation. Pragmatic half-victories kept in view the higher aspiration of drawing the country more closely together.

Some might suggest that the constitutional compromise reached for the lowest common denominator—for the barest minimum value on which both sides could agree. I rather think something different happened. Both sides found a way to temper ideology and continue working toward the highest aspiration they both shared—the aspiration to form a more perfect union. They set their sights higher, not lower, in order to identify their common goal and keep moving toward it.

So under Wagner’s formulation, one of the basest and demeaning political deals of American history, if not the basest, is an example of working toward a “highest aspiration.” Counting slaves as three-fifths of a person becomes an example of American politicians setting their sights high!

Wagner is no history professor…his specialty is Electrical Engineering. I’ve got a couple of takes on Wagner’s position:

As stated in Article 1, Section 2, Paragraph 3 of the U.S. Constitution, the agreement mandated that, “Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons.”

The White House is circulating a draft immigration bill that would create a new visa for illegal immigrants living in the United States and allow them to become legal permanent residents within eight years, according to a report published online Saturday by USA Today.President Barack Obama’s bill would create a “Lawful Prospective Immigrant” visa for the estimated 11 million illegal immigrants living in the United States. The bill includes more security funding and requires business owners to adopt a system for verifying the immigration status of new hires within four years, the newspaper said.

USA Today reported that the bill would require that immigrants pass a criminal background check, submit biometric information and pay fees to qualify for the new visa. Immigrants who served more than a year in prison for a criminal conviction or were convicted of three or more crimes and were sentenced to a total of 90 days in jail would not be eligible. Crimes committed in other countries that would bar immigrants from legally entering the country would also be ineligible.

Those immigrants who pass the requirements can apply for a visa, and work on getting their green card within eight years.

107 House Democrats, a majority of Democrats in the House of Representatives, wrote President Obama today, urging him to reject any proposals to cut benefits millions of American families depend upon through Medicare, Medicaid and Social Security. The letter was led by Rep. Jan Schakowsky (D-IL),Congressional Progressive Caucus Co-Chairs Reps. Keith Ellison (D-MN) and Raúl M. Grijalva (D-AZ), Rep. John Conyers (D-MI), and Rep Donna Edwards (D-MD).

The Members specifically singled out “Chained CPI”—a proposal to reduce Social Security benefits by changing the way inflation is calculated—and raising the Medicare retirement age as policies they oppose.

“A commitment to keeping the middle-class strong and reducing poverty requires a commitment to keeping Social Security, Medicare and Medicaid strong,” the Members said in the letter. “We urge you to reject any proposals to cut benefits, and we look forward to working with you to enact approaches that instead rely on economic growth and more fair revenue-raising policies to solve our fiscal problems.”

Full letter to Obama can be found at the above link. At least someone is making a case for their constituents…

A Kansas City-area man was arrested Saturday in the killings of two prostitutes whose bodies were found posed on the sides of rural Missouri roads nearly a year apart.

At a news conference Saturday night, authorities said Derek Richardson, 27, has been charged with two counts of first-degree murder and two counts of abandonment of a corpse. His bail is set at $2 million. It wasn’t immediately known whether he has an attorney.

“We absolutely stopped a person who was going to kill again,” said Kansas City police Sgt. Doug Niemeier, adding that authorities will search across the United States to ensure there weren’t other victims.

Police say they know Richardson has traveled around the US, they are now investigating other crimes that may be connected.

For decades, scientists have been on the lookout for killer objects from outer space that could devastate the planet. But warnings that they lacked the tools to detect the most serious threats were largely ignored, even as skeptics mocked the worriers as Chicken Littles.

Well, the sky was literally falling in the outskirts of the Ural Mountains…

No more. The meteor that rattled Siberia on Friday, injuring hundreds of people and traumatizing thousands, has suddenly brought new life to efforts to deploy adequate detection tools, in particular a space telescope that would scan the solar system for dangers.

A group of young Silicon Valley entrepreneurs who helped build thriving companies like eBay, Google and Facebook has already put millions of dollars into the effort and saw Friday’s shock wave as a turning point in raising hundreds of millions more.

“Wouldn’t it be silly if we got wiped out because we weren’t looking?” said Edward Lu, a former NASA astronaut and Google executive who leads the detection effort. “This is a wake-up call from space. We’ve got to pay attention to what’s out there.”

Hot rocks falling from the heavens are not the only thing out there in the darkness of space, there is a cloud bursting with color relatively near us that holds something dark indeed. Cotton Candy Cloud Hides Baby Black Hole

Composite image of supernova remnant W49B

This looks like the explosion of a cotton candy Death Star (run by evil space clowns, perhaps?) but it is the remains of a star’s death. This colorful cloud is a supernova remnant, seen in infrared, radio, and x-ray light… and at its center may hide one of the galaxy’s youngest black holes.

Located 26,000 light-years away in the northern constellation Aquila, W49B is a snapshot of the shockwaves from a star that went supernova an estimated 1,000 years ago (not including the time it took for its light to reach us). Several observation methods and instruments were used to create the technicolor image above – X-rays from NASA’s Chandra X-ray Observatory shown in blue and green, radio data from the National Science Foundation’s Very Large Array in pink, and infrared and optical data from the Palomar Observatory in orange and yellow — but put all together, one feature becomes glaringly obvious.

This thing is a mess.

Typically supernova remnants have a roughly circular or shell-like shape, generally seen as a ring of bright material surrounding the dense burnt-out core of a star. The ring is bright because it’s composed of interstellar gas and dust that’s being violently ionized by the spreading force of the supernova. Ionized material gives off many forms of radiation, detectable in various wavelengths by observatories on the ground as well as in space.

W49B isn’t a ring, though. It’s a sloppy barrel shape that indicates an uneven, asymmetrical eruption, hinting that the original star didn’t go peacefully into this good night.

That Discover article calls this star corpse a black hole, and if that turns out to be the case,

…would be the galaxy’s newest black hole — at least as far as what’s been discovered so far. A mere thousand years old, an alleged black hole at the heart of W49B would have just been born in the night sky around the same time that Vikings were first setting foot on North American shores.

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The Sky Dancing banner headline uses a snippet from a work by artist Tashi Mannox called 'Rainbow Study'. The work is described as a" study of typical Tibetan rainbow clouds, that feature in Thanka painting, temple decoration and silk brocades". dakinikat was immediately drawn to the image when trying to find stylized Tibetan Clouds to represent Sky Dancing. It is probably because Tashi's practice is similar to her own. His updated take on the clouds that fill the collection of traditional thankas is quite special.

You can find his work at his website by clicking on his logo below. He is also a calligraphy artist that uses important vajrayana syllables. We encourage you to visit his on line studio.